Lowest close for Sensex since Nov 08
Mumbai, Mar 3:Indian indices plunged in the last one of hour of trade as investors booked profits in frontline stocks. European markets which had opened higher slipped in the red and hit all-time lows as concerns of global recession took centrestage.
Bombay Stock Exchange"s Sensex ended at 8411.30, down 195.78, its lowest close since November 20, 2008. The index touched an intra-day low of 8390.21 and high of 8635.20. The index had closed at 8451.01 on November 20, 2008 and hit 52-week low of 7697.39 on October 27, 2008.
National Stock Exchange"s Nifty ended at 2619.05 down 55.55 points. The broader index slipped to low of 2611.55 and high of 2688.50.
The index witnessed its worst close since its closing lows of 2635 made on November 19, 2008. The index touched 52-week low of 2252.75 on October 27, 2008.
BSE
Midcap
Index
was
down
1.72
per
cent
and
BSE
Smallcap
Index
fell
1.31
per
cent.BSE
Oil&gas
Index
was
down
2.63
per
cent,
BSE
IT
Index
fell
2.24
per
cent
and
BSE
Bankex
moved
2.10
per
cent
lower.
4.16PM
Nifty
choppy;
Tata
Power,
ITC
down
Indices
were
moving
in
a
narrow
range
with
negative
bias
Tuesday
after
a
steep
fall
in
previous
session.
Oil&gas,
realty
and
metal
stocks
were
in
demand
while
FMCG
and
healthcare
space
was
marginally
lower.
At 12 pm, National Stock Exchange"s Nifty was at 2663.55, down 11.05 points or 0.41 per cent. The broader index touched a low of 2653.25 and high of 2680.25 in trade so far.
Bombay Stock Exchange"s Sensex was at 8547.08, down 60 points or 0.70 per cent. The 30-share index hit a low of 8515.98 and high of 8619.09.
Biggest Nifty gainers were Ambuja Cement (4.19pc), BPCL (3.69pc), Grasim Industries (2.52pc), NALCO (2.43pc) and HCL Technologies (1.8pc).
Losers
comprised
Tata
Power
(-3.62pc),
Bharti
Airtel
(-3.61pc),
Sun
Pharmaceuticals
(-3.42pc),
HDFC
(-2.4pc)
and
ITC
(-2.35pc).
2.18PM
Mkts marginally weak, Bharti, HDFC dip
The benchmark indices are trading marginally lower amid choppiness, as selling continues in Bharti Airtel, Infosys, ITC, HDFC, HDFC Bank, BHEL, Tata Power, ONGC, Reliance Communication, Maruti and Sterlite Industries.
However, Reliance Industries, NTPC, Ambuja Cements, Grasim, TCS, Nalco, DLF, L&T, Tata Steel, M&M, Tata Motors and BPCL are helping the indices to limit downside.
The
Sensex
was
trading
at
8550,
down
56
points
and
the
Nifty
was
at
2,664,
down
10
points.
Broader
indices
like
BSE
Midcap
and
Small
cap
indices
fell
0.5-0.8%.
The
Nifty
March
futures
were
trading
with
18-20
points
discount.
12.05
PM
Stocks
open
lower;
banks
hit
Stocks
opened
lower
on
Tuesday,
Mar
3
dragged
down
by
banks
and
consumer
durables.
Oil
&
gas
and
auto
stocks
edged
higher.
Bombay Stock Exchange"s 30-share Sensex fell 59 points to 8547. National Stock Exchange"s benchmark Nifty shed 11.8 points to 2661 from its previous close.
US stocks extended their sharp losses Monday as insurer American International Group which posted a record $61.7 billion quarterly loss, was bailed out with government money again, fueling fears that the global financial crisis is worsening.
The Dow Jones industrial average plunged 246.83 points, or 3.49 per cent, at 6,816.10. The Standard & Poor's 500 Index shed 29.65 points, or 4.03 per cent, at 705.44 and the Nasdaq Composite Index was down 48.00 points, or 3.48 per cent, at 1,329.84.
OneIndia News